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GoodRx Holdings, Inc. - GDRX STOCK NEWS

Welcome to our dedicated page for GoodRx Holdings news (Ticker: GDRX), a resource for investors and traders seeking the latest updates and insights on GoodRx Holdings stock.

GoodRx Holdings, Inc. (Symbol: GDRX) is a leading consumer-focused digital healthcare platform committed to reducing the cost of healthcare in the United States. The company operates a price comparison platform that provides consumers with current, geographically relevant pricing for prescription medications. GoodRx gathers prices from multiple sources, offering powerful savings tips, valuable discounts, and negotiable price codes for prescriptions at virtually every pharmacy across the US.

GoodRx serves millions of Americans each month, including thousands of physicians who use the platform to help their patients. To date, the company has saved users over $3 billion on their prescription drug costs. Despite this success, GoodRx continues to work toward making prescriptions affordable for all Americans.

The company's core revenue stream comes from pharmacy benefit managers (PBMs), who manage formularies and prescription transactions. GoodRx also offers additional healthcare products and services such as pharma manufacturer solutions, subscription plans, and telehealth services. Their platform extends beyond individual consumers to include solutions for health plans, payors, and PBMs through an easy-to-use website and mobile app experience known as GoodRx for Benefits.

As GoodRx continues to innovate and expand its offerings, it remains dedicated to its mission of lowering healthcare costs and making essential medications accessible to everyone in the US. Stay updated with the latest news and developments from GoodRx to see how they are transforming the healthcare landscape.

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GoodRx (NASDAQ: GDRX) has partnered with DoorDash (NYSE: DASH) to offer discounted access to its GoodRx Gold subscription program for DoorDash drivers, known as 'Dashers.' This partnership allows Dashers to save up to 90% on over 1,000 medications and provides online doctor visit discounts along with free mail delivery for prescriptions. GoodRx Gold can save individuals an average of $2,600 annually when filling 2 prescriptions monthly. This initiative aims to enhance healthcare access for the growing freelance workforce in the U.S., which comprises 35% of all workers.

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GoodRx (NASDAQ: GDRX) released a report detailing its positive impact on American healthcare, showcasing significant savings for patients. In 2020, GoodRx users saved an average of 79% on medications, equating to around $30 billion in total savings. The platform has improved medication adherence, contributing to the prevention of over 1,000 hospitalizations and saving nearly 500 lives. Additionally, over 20% of Americans reported struggling with basic necessities due to medication costs, highlighting the importance of GoodRx in alleviating financial burdens.

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GoodRx Holdings Inc. (Nasdaq: GDRX) announced its financial results for the first quarter of 2021, showcasing its role as a leader in healthcare savings in the U.S. The company has facilitated over $30 billion in savings since 2011. A conference call to discuss these results and the business outlook is scheduled for May 13, 2021, at 2:00 PM PT. GoodRx emphasizes its services, including affordable prescriptions, telehealth, and lab tests, making it the #1 most downloaded medical app for the last three years.

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GoodRx Holdings (Nasdaq: GDRX), a leader in healthcare savings, announced upcoming presentations at two virtual investor conferences. The RBC Capital Markets Global Healthcare Conference will take place on May 19 at 1:15 p.m. PT, followed by the Evercore ISI TMT Conference on June 7 at 9:30 a.m. PT. Live webcasts and archived recordings of these presentations can be accessed via GoodRx's Investor Relations website. GoodRx has saved Americans over $25 billion since 2011 and remains the most downloaded medical app for three consecutive years.

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GoodRx (Nasdaq: GDRX) has launched an integrated offering with Sanofi to simplify access to manufacturer discounts for insulin and other prescriptions. This collaboration aims to assist uninsured and commercially insured diabetes patients, potentially saving Americans up to $260 million in 2021. Patients can now find and claim Sanofi discounts directly on the GoodRx platform. Currently, insured patients can pay between $0 to $10 for select drugs, while uninsured patients face a flat fee of $99 monthly for specific insulins. This initiative is expected to enhance affordability for millions of diabetes patients.

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GoodRx (NASDAQ: GDRX) has completed the acquisition of HealthiNation, enhancing its healthcare resources. With a vast library of premium health videos, HealthiNation enables GoodRx to deliver superior content and information to consumers while offering manufacturers targeted engagement opportunities. This move aligns with GoodRx’s strategy to bolster its Manufacturing Solutions business and improve health outcomes for users. The acquisition highlights GoodRx's commitment to affordable healthcare solutions, leveraging HealthiNation's expertise for greater market reach.

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GoodRx Holdings Inc. (GDRX) announced its first quarter 2021 financial results will be released after U.S. markets close on May 13, 2021. A conference call will follow at 2:00 p.m. PT to discuss the results and future outlook. GoodRx has helped Americans save over $25 billion since 2011, becoming the top downloaded medical app for the past three years. The press release will also include a link to a shareholder letter and results on its investor relations site.

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GoodRx (GDRX) has launched a Vaccine Guide to assist users in navigating the rollout of the COVID-19 vaccine. Collaborating with the CDC and VaccineFinder, GoodRx tracks vaccine availability at over 50,000 locations, including pharmacies and clinics. The guide allows consumers to find vaccination appointments and the types of vaccines available. Notably, more than 1.8 million Americans have subscribed for text alerts on local eligibility and updates. GoodRx has saved Americans over $25 billion in healthcare costs since 2011, becoming the #1 downloaded medical app in the last three years.

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GoodRx Holdings Inc. (Nasdaq: GDRX) announced its fourth quarter and full year 2020 financial results, emphasizing its role as a leading healthcare savings resource. The company has facilitated over $25 billion in savings for Americans since 2011. Investors can access the full results and a shareholder letter on the company's investor relations website. A conference call is scheduled for March 11, 2021, at 2:00 p.m. PT to discuss these results further.

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GoodRx has launched GoodRx Helps, a philanthropic initiative offering free prescriptions to patients facing financial barriers. In partnership with the National Association of Free and Charitable Clinics, GoodRx aims to subsidize nearly 1,000 medications across 23 clinics, targeting underserved communities. Following its IPO, the company has allocated over $40 million to this program, projecting to provide over $5 million in medications in 2021. This initiative comes amid rising healthcare costs and a significant increase in unemployment due to the pandemic, which has left millions without insurance.

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FAQ

What is the current stock price of GoodRx Holdings (GDRX)?

The current stock price of GoodRx Holdings (GDRX) is $6.12 as of October 31, 2024.

What is the market cap of GoodRx Holdings (GDRX)?

The market cap of GoodRx Holdings (GDRX) is approximately 2.4B.

What does GoodRx Holdings, Inc. do?

GoodRx Holdings, Inc. is a digital healthcare platform that helps reduce the cost of prescriptions by offering price comparisons, discounts, and savings tips for medications across the US.

How does GoodRx save money on prescriptions?

GoodRx collects and compares current prescription prices from various sources, providing users with discounts and negotiable price codes that can be used at nearly every pharmacy in the US.

Who benefits from using GoodRx?

Millions of Americans, including those with insurance or Medicare, benefit from using GoodRx to find affordable prescription prices. Physicians also use GoodRx to help their patients save money.

How much has GoodRx saved Americans so far?

GoodRx has saved Americans over $3 billion on their prescription drug costs.

What additional services does GoodRx offer?

Besides price comparison and discounts, GoodRx offers pharma manufacturer solutions, subscription plans, telehealth services, and GoodRx for Benefits, which provides solutions for health plans, payors, and PBMs.

How does GoodRx generate revenue?

GoodRx generates revenue primarily from pharmacy benefit managers (PBMs) who manage formularies and prescription transactions. The company also earns from its additional healthcare products and services.

What is GoodRx for Benefits?

GoodRx for Benefits is a technology solution that provides health plans, payors, and PBMs with an easy-to-use website and mobile app experience to manage and reduce healthcare costs.

Is GoodRx available as a mobile app?

Yes, GoodRx offers a mobile app that allows users to compare prescription prices, find discounts, and access savings tips on the go.

Why should I use GoodRx if I already have insurance?

Even with insurance or Medicare, prescription costs can be high. GoodRx helps you find lower prices and better discounts, making medications more affordable.

Where can I learn more about GoodRx?

Visit www.goodrx.com to learn more about how GoodRx can help you save on prescriptions and explore their additional healthcare services.

GoodRx Holdings, Inc.

Nasdaq:GDRX

GDRX Rankings

GDRX Stock Data

2.37B
98.58M
12.43%
64.91%
2.36%
Health Information Services
Services-computer Processing & Data Preparation
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United States of America
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